Uday Dave

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Friday, 19 August 2016

As discussed in Premarket charts and way to do live video today, prices moved as anticipated.

Trade 1. Sold 8600CE as per system discussed in Index Options video at 104.5 and covered at 92.5. Alternatively one could have bought 8700PE at the same time. It yielded almost same.

Trade 2. Bought Bank Nifty as marked on the chart. It fell short of the target and did not yield much. This trade was based on the thinking that BN was showing strength and it gave an opportunity to buy at range low in an up trend.

I hope you all understood the knowledge shared through last few days posts and benefited from it.

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About me and this blog in brief

My name is Uday Dave. I am a full-time day trader, blogger and day trading educator. I mainly day trade Nifty, Bank Nifty, stocks and stock options and in the evening if I get time I trade MCX Crude Oil, Nickel and Silver using a 3-minute candlestick chart with Decision Point Trading System and price action trading methods. My only aim is to capture small moves, i.e. 20 to 25 points in Nifty and around 50 points in Bank Nifty daily.
I started this blog in year 2012 to record my trades, observations, experiences and to share them with other aspiring traders. I hope with all your support I will be able to continue to maintain this blog and improve further.